The South Korea stock market has moved lower in three straight sessions, slumping almost 100 points or 3.6 percent along the way. The KOSPI now sits just beneath the 2,610-point plateau and it may see mild upside on Wednesday.

Consumer prices in New Zealand were up a seasonally adjusted 0.6 percent on quarter in the first quarter of 2024, Statistics New Zealand said on Wednesday.

New Zealand will on Wednesday release Q1 figures for gross domestic product, highlighting a modest day for Asia-Pacific economic activity. GDP is expected to rise 0.6 percent on quarter and 5.0 percent on year after adding 0.5 percent on quarter and 4.7 percent on year in the previous three months.

The value of the U.S. dollar is currently seeing modest strength on Tuesday after fluctuating earlier in the trading day.

The U.S. dollar extended gains against its most major counterparts in the New York session on Tuesday, as Federal Reserve Chair Jerome Powell said that there is no rush to cut interest rates given a lack of progress on inflation returning to the target.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Getting ready for a decline in gold

Surging US retail sales dampen Fed rate cut expectations. Wall Street sinks, dollar scales fresh highs as yields jump. China GDP beat offers only tepid support as March data disappoints. Yen continues to tumble, risk of intervention grow.

The New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark. This decline was triggered by the release of robust American retail sales data, which raised concerns that the Federal Reserve might delay interest rate cuts expected in 2024.

Gold up 0.7%, CCI signals negative. Euro dips 0.2%, stochastic down. Pound stable, stochastic RSI oversold. Bitcoin drops 3.6%, RSI negative. US stocks fall amid retail sales rise. Ethereum's USD value doubles since PoS switch, ETH/BTC down 33%. Tesla cuts 10% workforce. Today: US Housing Starts, Japan Imports, Germany's ZEW Survey, US Industrial Production, UK Employment & Claimant Count Change.

GBPUSD inches down to a new five-month low. An extension below 1.2400 could generate fresh selling interest.